Key Points
- Veeco Instruments director Gordon Hunter sold 29,532 shares on May 12 at an average price of $59.41, totaling about $1.75 million. After the sale, he still held 52,676 shares, reducing his position by 35.92%.
- The company recently reported weaker-than-expected quarterly results, posting EPS of $0.14 versus the $0.20 consensus and revenue of $158.34 million versus expectations of $160.07 million. Revenue also declined 5.4% year over year.
- Analyst sentiment remains mixed but improving on some fronts: Citigroup raised its price target to $60 and kept a buy rating, while the overall consensus rating is Hold with an average price target of $37.00.
Veeco Instruments Inc. (NASDAQ:VECO - Get Free Report) Director Gordon Hunter sold 29,532 shares of Veeco Instruments stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $59.41, for a total transaction of $1,754,496.12. Following the transaction, the director directly owned 52,676 shares in the company, valued at $3,129,481.16. This represents a 35.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Gordon Hunter also recently made the following trade(s):
- On Friday, May 8th, Gordon Hunter sold 7,746 shares of Veeco Instruments stock. The shares were sold at an average price of $58.76, for a total transaction of $455,154.96.
Veeco Instruments Price Performance
Shares of NASDAQ:VECO opened at $60.26 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86. Veeco Instruments Inc. has a 1-year low of $18.85 and a 1-year high of $65.43. The company has a market capitalization of $3.68 billion, a P/E ratio of 158.58 and a beta of 1.36. The firm's 50 day simple moving average is $40.66 and its two-hundred day simple moving average is $34.10.
Veeco Instruments (NASDAQ:VECO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $158.34 million for the quarter, compared to analysts' expectations of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. Veeco Instruments's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. Research analysts expect that Veeco Instruments Inc. will post 1.04 EPS for the current fiscal year.
Key Veeco Instruments News
Here are the key news stories impacting Veeco Instruments this week:
- Positive Sentiment: Northland Securities raised its FY2026 EPS estimate for Veeco Instruments to $1.10 from $1.04, signaling stronger near-term profitability expectations. Source
- Positive Sentiment: The firm also lifted multiple forward estimates, including FY2027 EPS to $2.69 from $1.17, suggesting analysts see a much stronger longer-term earnings ramp for the semiconductor equipment maker. Source
- Positive Sentiment: Northland increased its quarterly forecasts across 2026 and 2027, including Q1 2027 EPS to $0.54, Q2 2027 to $0.62, Q3 2027 to $0.71, and Q4 2027 to $0.82, reinforcing a view that earnings momentum is improving over time. Source
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Inspire Advisors LLC bought a new position in Veeco Instruments during the third quarter valued at $3,675,000. Old West Investment Management LLC increased its position in Veeco Instruments by 129.1% during the third quarter. Old West Investment Management LLC now owns 67,632 shares of the semiconductor company's stock valued at $2,058,000 after acquiring an additional 38,114 shares during the last quarter. Fisher Asset Management LLC increased its position in Veeco Instruments by 32.6% during the third quarter. Fisher Asset Management LLC now owns 1,324,590 shares of the semiconductor company's stock valued at $40,307,000 after acquiring an additional 325,357 shares during the last quarter. Victory Capital Management Inc. increased its position in Veeco Instruments by 11.0% during the third quarter. Victory Capital Management Inc. now owns 746,429 shares of the semiconductor company's stock valued at $22,714,000 after acquiring an additional 74,106 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Veeco Instruments by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,663,310 shares of the semiconductor company's stock valued at $233,195,000 after acquiring an additional 62,016 shares during the last quarter. Institutional investors own 98.46% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on VECO. Needham & Company LLC reiterated a "hold" rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Citigroup lifted their price objective on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Weiss Ratings cut shares of Veeco Instruments from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $37.00.
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About Veeco Instruments
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Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco's platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.
Veeco's product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.
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